April 23, 2018 - 8:30 AM EDT
Print Email Article Font Down Font Up Charts

HempAmericana Announces Augusta CBD Oil Facility Now “Open for Business”

NEW YORK, April 23, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or the “Company”) is thrilled to announce that the new Vitalis R-200 high-capacity supercritical CO2 CBD Oil Extraction machine has been installed and brought online by the Vitalis team, and is now fully operational. With this step, following a year-long pivot process, full-scale operations are now getting underway at the Company’s principal state-of-the-art extraction and processing facility in Augusta, Maine.

HempAmericana CEO, Salvador Rosillo, commented, “On behalf of the entire dedicated team here at HempAmericana, I wish to thank our tremendously committed shareholder base for staying the course as this complex process has unfolded. It’s been quite an adventure, but the payoff is finally on the way.”

In addition, HempAmericana is now in the process of closing on the purchase of its high-potency strain development farm property. The first wave of hemp seedlings is already being cultivated in preparation for mass planting in several weeks.

As noted in its press release dated April 12, the Company has also already secured a minimum supply allocation of hemp stock estimated to yield as much as roughly 106,250 lbs of high-quality hemp flower as input stock for the fall (or as much as $20M in total sellable CBD Oil production, according to current market pricing for 99%-pure high-potency CBD Oil products).

Management believes the Company is now on course for the next phase of the process, including initial bottling and distribution of super high-quality, high-potency CBD Oil.

Mr. Rosillo continued, “This is the moment we have been so eagerly awaiting for the past year. The Vitalis commissioning team was beyond exceptional in terms of performance and professionalism. With this machine now installed and operational, we are finally open for business here in Augusta!”

About HempAmericana, Inc.
HempAmericana is currently in the rolling paper and CBD oil business using the brand name Weed Got Oil. Search Rolling Thunders hemp papers on YouTube for a product demonstration of the Company's papers. The company owns an extraction machine and now plans to become a leader in the CBD oil market by establishing three laboratories for the extraction and research of the oils contained in the hemp plant. HempAmericana also researches, develops and sells products mad of industrial hemp. See more at http://www.HempAmericana.net.

Safe Harbor Provision Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review Hemp Americana annual and quarterly financials for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state

Contact:
HempAmericana.net
Salvador Rosillo
HempAmericana, Inc.
Phone: (888) 977-7985

Primary Logo


Source: GlobeNewswire (April 23, 2018 - 8:30 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice